Legal Documents of Baxter

Code of Baxter

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 1 Real And Personal Property Taxes » § 5-102 When delinquent-penalty and interest.
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Title 5
5-1
Title 5, Chapter 1
5-101
§ 5-101
Baxter
Title 5 : Municipal Finance and Taxation
Chapter 1 : Real And Personal Property Taxes

5-102 : When delinquent-penalty and interest.[3]

All real property taxes shall become delinquent on and after the first day of March next after they become due and payable and shall thereupon be subject to such penalty and interest as is authorized and prescribed by the state law for delinquent county real property taxes.3 (2011 Code, § 5-102)

Footnotes:
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Charter and state law reference
Tennessee Code Annotated, § 67-5-2010(b) provides that if the county trustee collects the municipality's property taxes, interest of one and one-half percent (1 1/2%) shall be added on the first day of March, following the tax due date and on the first day of each succeeding month.